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Showing 1 - 10 of 4551 results for "Banking"

Commonwealth Bank names chief economist

ELIZA BAVIN  |  THURSDAY, 5 DEC 2024
... on the global stage, will be valuable for our clients both at home and abroad," CBA group executive for institutional banking and markets Andrew Hinchliff said. "As our chief economist, Luke will be able to leverage cutting-edge AI technology and one ...

Regulators warn of possible issues with FAR reporting

ELIZA BAVIN  |  THURSDAY, 28 NOV 2024
... obligations under the Financial Accountability Regime (FAR) before it takes effect next year. The FAR commenced for the banking industry on 15 March 2024 and takes effect for the insurance and superannuation industries on 15 March 2025. It imposes a ...

Macquarie fined $25m over 400 fake trades

MATTHEW WAI  |  WEDNESDAY, 27 NOV 2024
... Further, Macquarie has however assured the incident occurred in the UK and "is unrelated to Macquarie's Australian retail banking business." "The unauthorised trading was isolated to one individual. The unauthorised trading did not affect clients, or ...

CapitaLand builds out Australian presence

JAMIE WILLIAMSON  |  FRIDAY, 22 NOV 2024
... private capital, respectively. Scasserra was also previously head of Asia Pacific real estate and co-head of investment banking and capital markets at Credit Suisse Australia. Also previously at Credit Suisse Australia, Bharara served as managing director ...

LGT Crestone takes over remainder of Commonwealth Bank's advice business

ANDREW MCKEAN  |  MONDAY, 11 NOV 2024
... Crestone reflects the evolving needs of high-net-worth clients and aligns with its strategy to focus on expanding private banking services and delivering the "best long-term outcomes for them." CBA group executive of retail banking services Angus Sullivan ...

Link between super and banking major priority in 2025: APRA

ELIZA BAVIN  |  MONDAY, 11 NOV 2024
... member Therese McCarthy Hockey has outlined the regulator's big priorities in 2025, with the interconnectedness between banking and superannuation systems first on the agenda. McCarthy Hockey told FINSIA 's The Regulators event that APRA's main priority ...

Head of strategy exits Australian Retirement Trust

ELIZABETH FRY  |  FRIDAY, 8 NOV 2024
... collaborated with some of the most knowledgeable experts in this industry." Ko has 20 years of strategy and M&A investment banking experience with companies in financial services, telecommunications, media and technology. Before joining ART, Ko was the ...

ANZ profit slides, cuts dividend

ELIZA BAVIN  |  FRIDAY, 8 NOV 2024
... strong and demonstrated the benefits of its ongoing simplification agenda combined with targeted investments in its core banking business. "Competition in the sector has continued to be intense, particularly in home lending and deposits. Despite competition ...

Payton Capital eyes 'extensive growth', hires four

MATTHEW WAI  |  FRIDAY, 8 NOV 2024
... leverage their extensive knowledge of the area and established network, Payton said. Bevans brings a collage of private banking experience at NAB and Westpac and has been the investment director since the beginning of the year. Parkin is the relationship ...

Australian Unity offloads banking business

ELIZA BAVIN  |  WEDNESDAY, 6 NOV 2024
Australian Unity has announced the sale of its banking business to Bank Australia, with the transfer set to be complete in late 2025. Under the agreement, Bank Australia will acquire Australian Unity banking customers and their existing loans, credit ...
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